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JK Paper's Q3 net zooms 95%

IANS  |  New Delhi 

Paper Manufacturer on Tuesday said its net profit zoomed by 95 per cent during the third quarter (Q3) ended December 31, 2017 to Rs 69.81 crore.

According to the company, income from operations during the quarter under review edged higher by 17 per cent to Rs 841.19 crore.

"Higher volume, better product mix, operating efficiencies, from better working and continuous deleveraging have all contributed to the improved performance on quarter to quarter basis," Harsh Pati Singhania, and MD of said in a statement.

"As paper and board demand continues to grow in and given the company's improved financial position, is looking at organic and inorganic growth opportunities including in packaging board and those arising from the resolution process of NCLT," he added.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 30 2018. 19:12 IST